Jan 28, 2013 4:00am EST
-- there are promises in election campaigns that some taxes might be lightened a little bit. but on the whole, italy has no skill for a fiscal expansion. so at the moment, they're going to have to button down, keep spending heightened and keep things right. >> do you think italy is in a better position? >> in the short-term, spain has a more stable government. that's becoming unpopular, but at the moment, there's no threat to the majority of the popular party in spain. >> italy, we have an election coming up and anything could happen. we have a lot of strange things going on. there is a party which is looking like it will get around 15 cents a vote run by a former comedian. there's no clear political agenda, as well. there is a lot of political instability, but i think the long-term economic picture is in less trouble because it has much lower overall debt limits than spain combined. >> and how times have changed on that front. thanks very much for your time this morning. >> thank you. >>> growing market optimism fueled by a string of upbeat earnings has put equity markets on stronger footing. but u.s.
Jan 31, 2013 4:00am EST
a property tax program for the city as early as the first half of this year. in hong kong, the hang seng lost .4%. the noble shares split 5.25% despite a record quarter in top and bottom line. that stock had gained 50% since last august to a multi year high. we are seeing some profit taking here. the kospi pulled back a modest 0.1% after gaining for two days. australia's asx 200 snapped a ten-day winning streak with miners losing. india's sensex now trading lower by 0.6%. back to you. >> sixuan, thanks for that. >>> now a couple of web stories popping online, the dow joins industrial average yesterday, just 46 points from topping that trading high. can it take out that 14,000 mark? find out what analysts have to say at cnbc.com. >>> after topping analyst estimates from the quarter, google is now priced at more than $750 a share. but if ths that stock going to from hot to too hot? find out on the website, as well. >>> despite the initial disappointment, some analysts are arguinging the release of the new blackberry will be positive. >>> still to come, the dreamliner, nippon airways has grounde
Jan 30, 2013 4:00am EST
because last quarter we have an increase on the vat taxes and really we pass from the bat from 70% four years ago to 21% now in the last quarter. really as you say, the retail -- the consumer has fallen down dramatic. we need to remember that the public employees has cut their extra payment from the christmas extra payment. and this situation with no more extra for christmas present has fallen down, too, since christmas time. >> citibank says public debt the surge from 88% to 110% of gdp in two years. surely the spanish government is going to have to go into an ecb program. not so that they can get cheap money. so they can get money flowing. >> yeah. as you say before, the situation is the new ministers that the government call reinforce our economy. really our debt limits is too high in terms of ecb, in terms of europe. okay, we're going to cut in our deficit level, but it's not enough. now the question is, if we need to rein in our growing economy and how to do it if the tax increase is enough for the consumer, it's enough for the companies in our country. really, in fact, the only wa